Saturday, June 11, 2011

Weekend Up Date: UUP, GLD, EEM, And ECRI

UUP
  • Can The Dollar Break Out?
  • Close Above 21.43 Would Turn Bullish
  • UUP Goes Up = Stocks Go Down
  • QE3 Would Send The Dollar Lower
GLD
  • Gold Still In Strong Bull Fork
  • Break Below 146.00 Would Start To Be Bearish
  • If the UUP Moves Up = Gold Will Move Down
EEM

  • Battle Taking Place On The EEM
  • Close Below $46.30, Bear Fork Would Start To Be In Play
  • Who Wins Here Will Lead U.S. Markets
ECRI
Chart From Dshort.com

  • ECRI Telling Us "Not A Soft Patch"
  • Something To Watch